Confiscation

Writing tonight for The Market Oracle, Paul Behan notes that a mechanism for government confiscation of privately held gold is already explicitly part of the law in Australia. Behan's commentary is headlined "Gold and Silver Confiscation? It's Written In the Law" and it's posted at The Market Oracle here:

Because of recent inquiries to GATA about the possibility of an attempt by the U.S. Government to confiscate privately held gold and silver bullion and coins and shares in companies mining the precious metals, we're republishing here the correspondence between GATA and the U.S. Treasury Department on the subject in 2005.